Insights Into The Fast Food And Quick Service Restaurant Market’s Growth Opportunities Through 2023-2032 – Includes Fast Food And Quick Service Restaurant Market Analysis
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Restaurant popularity is predicted to drive innovation in fast food and quick-service restaurant production, propelling the market throughout the forecast period.
The global fast food and quick service restaurant market is expected to grow from $273.20 billion in 2022 to $292.78 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The global fast food and quick service restaurant market size is expected to reach $371.47 billion in 2027 at a CAGR of 6.1%.
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Global Fast Food And Quick Service Restaurant Market Segments Include:
- By Type: Chain, Independent
- By Product Type: Burger And Sandwiches, Pizzas And Pastas, Drinks And Desserts, Chicken And Seafood, Other Product Types
- By Service: Eat-In, Takeaway, Drive-Through, Home Delivery
- By Cuisine: American, Chinese, Italian, Mexican, Japanese, Turkish And Lebanese, Other Cuisines
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global fast food and quick service restaurant market in 2021.
Major Market Players in the fast food and quick service restaurant market include McDonald’s Corporation, Burger King, Carrols Restaurant Group Inc., Chipotle Mexican Grill, Darden Concepts Inc., Del Taco Restaurants Inc., Jack in the Box Inc.
Technological innovations are a prominent trend in the fast-food and quick-service restaurant markets. Major fast food and quick service restaurant firms are focusing on finding new solutions to strengthen their market position. For example, Toast, a US-Cloud-based firm, debuted Quick Service in April 2022, which is totally customisable and built exclusively to assist quick-service restaurants. The fast service for restaurants is designed specifically for casual, counter-service restaurants, allowing them to run more efficient and successful companies. These rapid serves have the potential to increase income while also improving the guest experience.
The Fast Food And Quick Service Restaurant Global Market Report 2023 provides a fast food and quick service restaurant market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The fast food and quick service restaurant market forecast analyzes fast food and quick service restaurant market size, fast food and quick service restaurant market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Quick service and quick food Restaurants are fast-food establishments where customers pay for their meal at the counter before eating it. Fast-food restaurants are part of a restaurant chain that uses controlled supply channels to provide standardised ingredients or partially produced foods and supplies to each restaurant.
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